Baroda Banking and Financial Services Fund - Plan A - Growth
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|Fund Type||Sector - Financial Services|
|Exit Load||1% for 365 Days|
More about this fund
|HDFC Bank Ltd||24.45%|
|ICICI Bank Ltd||15.21%|
|Kotak Mahindra Bank Ltd||8.37%|
|Axis Bank Ltd||7.77%|
|State Bank of India||5.24%|
|IndusInd Bank Ltd||4.13%|
|DCB Bank Ltd||2.94%|
|City Union Bank Ltd||2.65%|
|RBL Bank Ltd||2.51%|
|Karur Vysya Bank Ltd||2.28%|
About Baroda Banking & Financial Services Fund
The Baroda Banking & Financial Services Fund is an open-ended equity scheme. It seeks to generate long-term capital appreciation for unitholders by investing predominantly in a portfolio of equity and equity-related securities of companies engaged in the Banking & Financial Services Sector.
Pros & Cons of Baroda Banking & Financial Services Fund
- The scheme identifies attractive investment opportunities based on the growth prospects and valuations of businesses over a medium-term. Further, the scheme does not restrict itself to any market capitalization limits.
- As on December 31, 2018, the scheme is not ranked under CRISIL’s Sectoral/ Thematic Fund category.
- Further, it has generated returns of 17.9% per year over the last 5 years (as on February 8, 2019). However, the returns over the last 6 months have been negative (-6.25%)
Fund Information and Statistics of Baroda Banking & Financial Services Fund
Inception / Launch Date
The scheme was launched on 22 June 2012 by Baroda Mutual Fund.
According to the investment objective and asset allocation of the scheme, it has a High risk-level associated with it.
There is no minimum amount for redemption. The redemption proceeds are dispatched within 10 business days of the receipt of a valid redemption request.
Mr. Dipak Acharya is the Fund Manager of the Baroda Banking & Financial Services Fund since its inception.
Entry / Exit Load
There is no entry load in this scheme.
The exit load structure is as follows :-
- If the units are redeemed after the completion of 365 days from the date of allotment of the said units, then the exit load = Nil
- If the units are redeemed within 365 days from the date of allotment of the said units, then the exit load = 1% of the applicable NAV
Tax benefits of investing in Baroda Banking & Financial Services Fund
The following taxes are applicable to the income arising from investing in this scheme:
- STCG tax (units are held for a period of less than 12 months) of 15 percent on redemption of units.
- LTCG (units are held for a period of more than 12 months), in excess of Rs 1 Lakh, is taxed at 10 percent without indexation benefits on the redemption of units.
About Baroda Mutual Fund
Baroda Mutual Fund is managed by Baroda Asset Management India Limited (the AMC) which is a wholly-owned subsidiary of the Bank of Baroda. In 2008, Pioneer Global Asset Management S.p.A. (PGAM) acquired a 51% stake in the AMC, which was renamed as Baroda Pioneer Asset Management Company Ltd. Subsequently, in 2018, Bank of Baroda acquired the entire shareholding held in the AMC. The fund house offers consistent investment performance through sound investment management and a huge product range to offer a wider choice to investors.
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns